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File #: 970422    Version: 0
Type: Resolution Status: Passed
File created: 6/24/1997 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 7/11/1997
Effective date:    
Title: Resolution approving the Land Disposition Report for the properties in the North 7th Street/West Wisconsin Avenue Redevelopment Project Area for conveyance to the Partnership to Develop Westown, Inc. and approving the exchange of a portion of the City-owned property at 755 North 7th Street for a portion of the Redevelopment Authority-owned property at 725-35 North 7th Street, in the 4th Aldermanic District (Redevelopment Authority).
Sponsors: THE CHAIR
Indexes: CITY PROPERTY, LAND DISPOSITION REPORTS, REDEVELOPMENT AUTHORITY
NUMB:
970422
VERS:
ORIGINAL
REF:
951496
XXBY:
THE CHAIR
TITL:
Resolution approving the Land Disposition Report for the properties in the North 7th Street/West Wisconsin Avenue Redevelopment Project Area for conveyance to the Partnership to Develop Westown, Inc. and approving the exchange of a portion of the City-owned property at 755 North 7th Street for a portion of the Redevelopment Authority-owned property at 725-35 North 7th Street, in the 4th Aldermanic District (Redevelopment Authority).
ANLS:
- Analysis -

This resolution will permit the Redevelopment Authority to convey said land according to the conditions referred to in the Land Disposition Report and will declare surplus a small portion of the City-owned property at 755 North 7th Street in connection with the development of the Library Hill Apartments.
BODY:
Whereas, In Common Council File No. 951496, adopted on February 13, 1996, the Common Council of the City of Milwaukee approved the Westown Housing Development Agreement by and among the City of Milwaukee ("City"), the Redevelopment Authority of the City of Milwaukee ("Authority") and the Milwaukee Redevelopment Corporation ("MRC"); and

Whereas, The Authority is about to complete acquisition of the properties in the North 7th Street/West Wisconsin Avenue Redevelopment Project Area and is preparing to convey the properties to a corporation created by MRC to develop the Library Hill Apartments; and

Whereas, On June 19, 1997, the Authority held a Public Hearing regarding the proposed conveyance as required by Wisconsin Statutes; and

Whereas, Pursuant to Wisconsin Statutes and as a condition precedent to the sale, lease or transfer of land, the Authority submits herewith a Land Disposition Report describing the terms and conditions of the proposed conveyance; and

Whereas, MRC has proposed that a portion of the City- owned Fire Administration property at 755 North 7th Street be exchanged with a portion of the Authori...

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